China Vanke chairman Wang Shi said mainland home prices are high and he sees bubbles forming. "The bubble must be controlled, or both the real estate market and domestic economy will be jeopardized," the boss of the world's largest developer by turnover warned.
However, he does not think any bubbles are "set to burst" any time soon because home prices in first and second-tier cities have been under control since 2010, when Beijing executed a series of cooling policies...............................................Full Article: Source